1. Efficiency and Equity of Climate Change Policy: an Introduction.- 1 Assessing the Kyoto Protocol.- 2. Benefits and Costs of Kyoto.- 3. The Kyoto Protocol: A Cost-Effective Strategy for Meeting Environmental Objectives?.- 4. Negotiating Targets, Negotiating Flex-Mex: the Economic Background of a US-EU Controversy.- 2 Efficiency of Emission Trading Schemes.- 5. International Greenhouse Gas Emissions Trading — With Special Reference to the Kyoto Protocol.- 6. Efficiency and Equity of Emissions Trading with Endogenous Environmental Technical Change.- 7. Making CO2 Emission Trading More Effective: Integrating Cross-Sectoral Energy Efficiency Opportunities.- 8. Early Crediting of Emissions Reductions — a Panacea or Pandora’s Box?.- 9. Energy Market Projections and Differentiated Carbon Abatement in the European Union.- 10. Green Electricity Certificates — A Supplement to the Flexible Mechanisms of the Kyoto Protocol.- 3 International and Intergenerational Equity Issues.- 11. A Dynamic Analysis of the Efficiency and Equity of Tradeable Greenhouse Gas Emissions Permits.- 12. Equitable Cost-Benefit Analysis of Climate Change.- 13. Distributional Consequences of Alternative Emissions Trading Schemes.- 14. A Different Perspective for Global Climate Policy: Combining Burden Sharing and Climate Protection.- 15. Discounting and Sustainability in Applied IAMs.- 4 Policy Conclusions.- 16. Integrating Climate Policies in the European Environment: A Policy Report.- List of Contributors.

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